Chapter 5

Question 1

It is a continuous process of assessing and establishing goals and objectives and implementing and evaluating and controlling them. This is subject to change as new facts are known.

Answer 1

Planning

Question 2

It is deciding in advance what to do, how to do it, and who is to do it.

Answer 2

Planning

Question 3

Looking into the future and decide in advance where the agency would like to be and what is to be done in order to get there.

Answer 3

Forecasting

Question 4

It outlines the orgabizations future role and function. It gives the agency something to strive for.

Answer 4

Vision

Question 5

A pre-establish and often self-imposed objectives or purpose.

Answer 5

Mission

Question 6

It is the statement of beliefs and values that directs ones practice. It gives direction towards attainment of a certain goal.

Answer 6

Goal

Question 7

Desired aims or condition towards which one is willinf to work

Answer 7

Goal

Question 8

Statement of a desired short term condition or achievement, with measurable end result to be accomplish by specific terms or individual with time limit.

Answer 8

Objectives

Question 9

Allocating of one’s time through setting goals, assigning priorities, identifying and eliminating wasted time and using managerial technique to reach hoals effectively.

Answer 9

Time management

Question 10

Thinking of oyher options

Answer 10

Planning of contingencies

Question 11

Calendar of activities

Answer 11

List of tasks

Question 12

Lookinf at the task done and not done

Answer 12

Inventory

Question 13

Prioritizing

Answer 13

Sequencing

Question 14

Do not procrastinate

Answer 14

setting and keeping deadlines

Question 15

Give a portion of the task to those who can do it

Answer 15

Delegating

Question 16

When several tasks are done in less time

Answer 16

Multitasking

Question 17

Budgeting is a systematic financial translation of a plan. A tool for planning, monitoring, and controlling cost and meeting expenses.

Answer 17

Prepare budget and allocation of resources

Question 18

Allocates resources for nursing program and deluvery of patient care

Answer 18

Nursing budget

Question 19

Designed to meet future service expectation for client, provide patient care at minimum cost

Answer 19

Hospital budget

Question 20

A plan for future activities revenue budget, expense budget, capital budget, and cash budget

Answer 20

Budget plan

Question 21

The income the management expects to generate during the planning period

Answer 21

Revenue budget

Question 22

Expected activity in operational financial terms in a given period of time

Answer 22

Expense budget

Question 23

Program acquisition, disposal and improvements in the institutions physical capacity

Answer 23

Capital budget

Question 24

Monet recieved, cash receipt and disbursement during the planning period

Answer 24

Cash budget

Question 25

Portrays a company’s expenses, expected cost and estimated income, considering the quarterly or the annual performance

Answer 25

Operating budget

Question 26

Esrimation of cash flows of a business over a specific period of time. This could be for a weekly, monthly, quarterly, or annual budget. Is the actual operating bedget in detail.

Answer 26

Cash budget

Question 27

Most budgets for nursing personnel are based on quantitative workload measurements such as a patient acuity system.

Answer 27

Personnel budget

Question 28

Equipment is classified as long term asset and usually refers to items that will last and be used longer than a year.

Answer 28

Supplies and equipment budget

Question 29

A budget allocwting money for the acquisition or maintenance of fuxed assets such as land buildings and equipment

Answer 29

Capital budget

Question 30

Preparation of a budget forces the organuzation to plan for the future

Answer 30

Planning

Question 31

The budget serves an important role in monitoring the use of resources and in measuring a manager’s performance as it relates to the effectiveness of the planning process.

Answer 31

Monitoring and motivation

Question 32

Another purpose of a budget is to serve as a coordination and communication vehicle within an organization

Answer 32

Communication

Question 33

It is a systematic plan that is an informed best estimate by nurse administrators of revenues and nursing expenses.

Answer 33

Nursing budget

Question 34

Are not related to volume. They remain constant as volume increases and decreases over a period of time

Answer 34

Fixed costs

Question 35

Are production costs that change in proportion to the amount of goods that are produced

Answer 35

Variable cost

Question 36

Are fixed expenses that cannot be recovered even if a program is cancelled

Answer 36

Sunk costs

Question 37

Are the costs of providing the product or serviceas personnel costs and the variable cost of supplies

Answer 37

Direct costs

Question 38

Are expenses that cannot be traced back to a single cost object or cost source during the manufacturing process

Answer 38

Indirect cost

Question 39

Standing plans used repeatedly, or guides or basic rules that govern action at all levels in the organization

Answer 39

Policies

Question 40

Specific guide to action

Answer 40

Procedures

Question 41

Minimal level of achievement acceptable to meet the set objectives

Answer 41

Standards